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$2,000 into 1 million in 250 days...


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$2,000 into 1 million in 250 days...

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  #1 (permalink)
 mdsvtr 
Memphis,TN
 
 
Posts: 232 since Sep 2010

I had some time to finally sit down yesterday and do some reading / " Thinking "



My question pertains to the Attached Document ,

In the Document, it shows that a 2.5% " Daily " gain will Net you right at a 1 million dollar profit, over a 250 day period, starting with a $2000 account



My question is.....

What % would your Daily target have to be and how many Contracts would you need to trade ( assuming you trade the ES ) ?



My thinking is, since we know that 2.5% in daily profit gains will Net us 1 million dollars, would you have to have a target of 5% in daily gains, and then exit at 5% profit at anytime it gets hit and how many contracts would you need to trade with every entry?

If trade 2 contracts, would you take one off at a 2.5% gain and leave the other one in at Breakeven, and then if/ as soon as 5% profit gets tagged, you exit both contracts at 5% ?



OR



Would you have to have a daily target of 7.5% or 10% ?

If we assume that we will only hot a profit target of say 10% in 1 out of 4 times ( 25% of the time ) .

And we'll assume we hit 2.5% profit 1/4 of the time as well and the other 2/4 , we'll assume we don't make anything ( we lose 2.5% )



Given the attached Document and scenarios above, what would are Daily profit targets HAVE TO BE , as well as how many Contracts would we HAVE TO TRADE and how would you have to go about managing them during the trade, in order to give us the highest likely hood of hitting the 1 million mark?



I know this is Theoretical, but just want to see what the Math would be and what you would have to follow to a T , in order to have the highest chance of success



Also, how would the following 2 variables " help or not help " ......



1. If we change the 250 days to 200 days ( assumes only trade 4 days a week ) and also change it to 150 days ( assuming only trade 3 days a week ) , what would the daily profit targets have to increase to , the less number of " assumed " days you will trade during the week?



2. Would starting with a $4,000 , $6,000 or $8,000 account, for the $2000 account that is used in the Documents calculations,

help or " Lessen " what we would have to earn as a Profit on a daily basis?



Thanks for any thoughts or ideas .

I'm not saying I think I have a great chance of taking $2000 and turning it into 1 million in 250 days,

I just would like to know what % of a daily profit target would have to shot for on the high end , while assuming that 2.5% will still be the " average made profit "

Attached Files
Register to download File Type: xlsx weekly gain.xlsx (97.0 KB, 32 views)
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  #3 (permalink)
 Fritzk 
North America
 
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mdsvtr View Post
I had some time to finally sit down yesterday and do some reading / " Thinking "



My question pertains to the Attached Document ,

In the Document, it shows that a 2.5% " Daily " gain will Net you right at a 1 million dollar profit, over a 250 day period, starting with a $2000 account



My question is.....

What % would your Daily target have to be and how many Contracts would you need to trade ( assuming you trade the ES ) ?



My thinking is, since we know that 2.5% in daily profit gains will Net us 1 million dollars, would you have to have a target of 5% in daily gains, and then exit at 5% profit at anytime it gets hit and how many contracts would you need to trade with every entry?

If trade 2 contracts, would you take one off at a 2.5% gain and leave the other one in at Breakeven, and then if/ as soon as 5% profit gets tagged, you exit both contracts at 5% ?



OR



Would you have to have a daily target of 7.5% or 10% ?

If we assume that we will only hot a profit target of say 10% in 1 out of 4 times ( 25% of the time ) .

And we'll assume we hit 2.5% profit 1/4 of the time as well and the other 2/4 , we'll assume we don't make anything ( we lose 2.5% )



Given the attached Document and scenarios above, what would are Daily profit targets HAVE TO BE , as well as how many Contracts would we HAVE TO TRADE and how would you have to go about managing them during the trade, in order to give us the highest likely hood of hitting the 1 million mark?



I know this is Theoretical, but just want to see what the Math would be and what you would have to follow to a T , in order to have the highest chance of success



Also, how would the following 2 variables " help or not help " ......



1. If we change the 250 days to 200 days ( assumes only trade 4 days a week ) and also change it to 150 days ( assuming only trade 3 days a week ) , what would the daily profit targets have to increase to , the less number of " assumed " days you will trade during the week?



2. Would starting with a $4,000 , $6,000 or $8,000 account, for the $2000 account that is used in the Documents calculations,

help or " Lessen " what we would have to earn as a Profit on a daily basis?



Thanks for any thoughts or ideas .

I'm not saying I think I have a great chance of taking $2000 and turning it into 1 million in 250 days,

I just would like to know what % of a daily profit target would have to shot for on the high end , while assuming that 2.5% will still be the " average made profit "

Read "Chronicles of a Million Dollar Trader" by Don Miller.

Head up and keep your stick on the ice!
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  #4 (permalink)
 mdsvtr 
Memphis,TN
 
 
Posts: 232 since Sep 2010

Thank you Fritzk,
I am looking at it on Amazon

Think I'm going to have to order it

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  #5 (permalink)
 alejo 
madrid spain
 
Experience: Beginner
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mdsvtr View Post
I had some time to finally sit down yesterday and do some reading / " Thinking "



My question pertains to the Attached Document ,

In the Document, it shows that a 2.5% " Daily " gain will Net you right at a 1 million dollar profit, over a 250 day period, starting with a $2000 account



My question is.....

What % would your Daily target have to be and how many Contracts would you need to trade ( assuming you trade the ES ) ?



My thinking is, since we know that 2.5% in daily profit gains will Net us 1 million dollars, would you have to have a target of 5% in daily gains, and then exit at 5% profit at anytime it gets hit and how many contracts would you need to trade with every entry?

If trade 2 contracts, would you take one off at a 2.5% gain and leave the other one in at Breakeven, and then if/ as soon as 5% profit gets tagged, you exit both contracts at 5% ?



OR



Would you have to have a daily target of 7.5% or 10% ?

If we assume that we will only hot a profit target of say 10% in 1 out of 4 times ( 25% of the time ) .

And we'll assume we hit 2.5% profit 1/4 of the time as well and the other 2/4 , we'll assume we don't make anything ( we lose 2.5% )



Given the attached Document and scenarios above, what would are Daily profit targets HAVE TO BE , as well as how many Contracts would we HAVE TO TRADE and how would you have to go about managing them during the trade, in order to give us the highest likely hood of hitting the 1 million mark?



I know this is Theoretical, but just want to see what the Math would be and what you would have to follow to a T , in order to have the highest chance of success



Also, how would the following 2 variables " help or not help " ......



1. If we change the 250 days to 200 days ( assumes only trade 4 days a week ) and also change it to 150 days ( assuming only trade 3 days a week ) , what would the daily profit targets have to increase to , the less number of " assumed " days you will trade during the week?



2. Would starting with a $4,000 , $6,000 or $8,000 account, for the $2000 account that is used in the Documents calculations,

help or " Lessen " what we would have to earn as a Profit on a daily basis?



Thanks for any thoughts or ideas .

I'm not saying I think I have a great chance of taking $2000 and turning it into 1 million in 250 days,

I just would like to know what % of a daily profit target would have to shot for on the high end , while assuming that 2.5% will still be the " average made profit "

IMHO i think we need more cushion for the drawdown
with small account, we can blown up esily

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  #6 (permalink)
 ziggy123 
boston
 
Experience: Intermediate
Platform: ninja
Trading: es
 
Posts: 112 since Mar 2013
Thanks: 26 given, 86 received

@Fritzk ,

Don Miller was very lucky to be in a super volatile market when he was trading. His method would not work most of the time in regular market conditions - in my humble opinion.

If my memory serves me right - he was using a large car number and his average daily gain in term of points was about "ONE POINT" a day - but I believe his R:R was not optimal .

Example - there were periods when the ES was doing 2-3 POINTS a DAY - imagine capturing ONE point - its as if you had a 33%-50% gain (Well depending on what leverage you use as well off course) - this is NOT SUSTAINABLE in such market conditions.

Just my 2 c

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  #7 (permalink)
 DavidHP 
Legendary Market Wizard
New Orleans, La (Mardi Gras City)
 
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Broker: Ninjatrader / Optimus Futures / AmpFutures
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Posts: 1,372 since Aug 2009
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ziggy123 View Post
@Fritzk ,

Don Miller was very lucky to be in a super volatile market when he was trading. His method would not work most of the time in regular market conditions - in my humble opinion.

If my memory serves me right - he was using a large car number and his average daily gain in term of points was about "ONE POINT" a day - but I believe his R:R was not optimal .

Example - there were periods when the ES was doing 2-3 POINTS a DAY - imagine capturing ONE point - its as if you had a 33%-50% gain (Well depending on what leverage you use as well off course) - this is NOT SUSTAINABLE in such market conditions.

Just my 2 c

I'm not denying your theory.

However, you should check out some current information from Don's videos, website, Jelly seminars.
He seems to be doing very well and manages more than his $$

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